National Bank of Canada FI Grows Position in ANSYS, Inc. (NASDAQ:ANSS)

National Bank of Canada FI lifted its position in shares of ANSYS, Inc. (NASDAQ:ANSS) by 38.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,510 shares of the software maker’s stock after buying an additional 59,101 shares during the period. National Bank of Canada FI owned approximately 0.24% of ANSYS worth $68,569,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ANSS. Quest Partners LLC purchased a new position in shares of ANSYS in the 4th quarter worth about $29,000. DT Investment Partners LLC increased its position in ANSYS by 888.9% during the 2nd quarter. DT Investment Partners LLC now owns 89 shares of the software maker’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. DSM Capital Partners LLC purchased a new position in ANSYS in the fourth quarter valued at approximately $34,000. Rothschild Investment LLC acquired a new position in ANSYS during the second quarter valued at approximately $38,000. Finally, Core Wealth Advisors Inc. purchased a new stake in ANSYS during the fourth quarter worth approximately $40,000. 92.39% of the stock is owned by hedge funds and other institutional investors.

ANSYS Stock Up 0.3 %

Shares of ANSYS stock opened at $309.75 on Friday. ANSYS, Inc. has a 1-year low of $258.01 and a 1-year high of $364.31. The company has a market capitalization of $27.04 billion, a PE ratio of 62.20, a P/E/G ratio of 6.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.95 and a quick ratio of 2.95. The business has a 50-day moving average of $318.27 and a 200-day moving average of $326.66.

ANSYS (NASDAQ:ANSS) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.58. The firm had revenue of $594.14 million during the quarter, compared to analyst estimates of $550.30 million. ANSYS had a return on equity of 11.51% and a net margin of 21.30%. ANSYS’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. As a group, equities analysts forecast that ANSYS, Inc. will post 7.32 EPS for the current fiscal year.

Insider Buying and Selling

In other ANSYS news, Director Glenda Dorchak sold 159 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $330.81, for a total transaction of $52,598.79. Following the transaction, the director now directly owns 3,782 shares in the company, valued at approximately $1,251,123.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com began coverage on shares of ANSYS in a research note on Friday. They issued a “hold” rating on the stock. Rosenblatt Securities cut their price objective on ANSYS from $345.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, KeyCorp initiated coverage on ANSYS in a research report on Thursday, June 27th. They issued a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $318.33.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.